WorleyParsons Limited (ASX:WOR) has welcomed the renewal of contracts with two confidential clients.
The engineering firm expects annual revenues of about $152 million from the extension of engineering and procurement services agreements.
WorleyParsons advises the relationships have been in place for more than 23 years and now extended for an extra five years.
The company will continue to provide services for brownfield and greenfield projects in the Alberta heavy oil arena in Canada.
WorleyParsons reported a net profit of $269 million in the full 2014 financial year.
